Understanding the Market | Shandong Molong rises over 45% as A-shares remove other risk warnings, H-shares included in the Hong Kong Stock Connect list
Shandong Molong has risen over 45%, with a cumulative increase of over 300% in two days. As of the time of writing, it has risen 42.43%, trading at HKD 7.15, with a transaction volume of HKD 379 million. In terms of news, Shandong Molong recently announced that its stock will remove other risk warnings starting from May 6, 2025, with the stock abbreviation changing from "ST Molong" to "Shandong Molong," while the stock code remains "002490." After the removal of other risk warnings, the daily price fluctuation limit for the company's stock will change from 5% to 10%. The Shenzhen Stock Exchange announced that due to the removal of other risk warnings for Shandong Molong's A shares listed on the Shenzhen Stock Exchange, according to the relevant provisions of the "Implementation Measures for Shenzhen-Hong Kong Stock Connect," Shandong Molong will be included in the list of Hong Kong Stock Connect eligible securities, effective from May 6
According to the Zhitong Finance APP, Shandong Molong (00568) has risen over 45% again, with a cumulative increase of over 300% in two days. As of the time of publication, it has risen 42.43%, trading at HKD 7.15, with a transaction volume of HKD 379 million.
In terms of news, Shandong Molong recently announced that its stock will remove other risk warnings starting from May 6, 2025, with the stock abbreviation changing from "ST Molong" to "Shandong Molong," while the stock code remains "002490." After the removal of other risk warnings, the daily price fluctuation limit for the company's stock will change from 5% to 10%.
The Shenzhen Stock Exchange announced that due to the removal of other risk warnings for Shandong Molong's A-shares listed on the Shenzhen Stock Exchange, according to the relevant provisions of the "Implementation Measures for Shenzhen-Hong Kong Stock Connect," Shandong Molong will be included in the list of eligible securities for the Hong Kong Stock Connect, effective from May 6
